Hi,
Firstly, I’d like to say how thankful I am for finding this site. It’s only been about a month and timing could not have been more perfect! So many articles have hit home and we feel like we’ve finally found the kindred spirits we’ve been looking for.
The last year has been pretty close to a nightmare for me and I’m really over the corporate rat race. So, we decided we should take the leap and retire! While, I am pretty sure we are ready, I sometimes let my unfounded worries get the better of me. It would help ease our minds, if we could get some fellow MMM feedback, especially because we plan on living well into our nineties.
For example, if I calculate the 4% SWR based on the taxable investment account, then it would cover $15K and we get a small passive income from a rental house. I wasn’t sure if I should factor in the retirement account as well? I do expect to work, but at jobs I am interested in and that bring me new and interesting experiences. However, even if we withdrew the full amount for expenses until social security/access to 401K funds kick in - we’d still be okay, right?
Expenses: We are expecting $22K or less and have no mortgage (we live well, but simply and can easily get this down to 15-17k)
Please let us know if we are missing something major, we weren't sure if we include 401K when calculating SWR.
Thank you!